Sensex seesaws as Foreign investors sell $100m in equities |
India`s Equity benchmark Sensex, pared gains to settle over 289 points lower on heavy sell-offs mainly in bank, auto and energy stocks as liquidity constraints, tepid corporate earnings and woes in automobile sector spooked investors. Likewise, the NSE Nifty fell nearly 104 points to close at 11,085 -- a near five-month low level for the index. The 30-share Sensex opened higher at 37,735.54 and swung between a high of 37,950.21 and low of 37,359.03. Surrendering all its gains in the fag-end of the session and settled at 37,397.24, plummeting 289.13 points or 0.77 percent. Sustained foreign fund outflows also dampened investor mood in the domestic equities. Foreign investors sold equities worth Rs 704.42 crore on a net basis on Monday, as per provisional data with stock exchanges.
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